amwalalghad :: Real Estate

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AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Business - Real Estate

Maha Essam - 2018-03-06 12:04:40
Egypt’s Concept Real Estate Group targets contractual sales worth 80 million Egyptian pounds ($40.5 million) from its flagship Siela in North Coast within 2018, said chairman Ehab Abou El Magd on Sunday. “The company plans to launch the third phase of the project within next June,” Abou El Magd further stated, adding that Siela is executed over 10 feddans. The Egyptian official referred that Siela will include 650 chalets on spaces ranging between 50 square metres and 120 square metres as well as a bunch of services facilities, which are being developed in 3 phases. “Siela’s built-up area is 28 percent,” Abou El Magd said, elaborating that his company also seeks to launch the second phase within the second half of 2018. More»
Amwal Al Ghad English - 2018-03-06 11:16:21
Master Builders Group (MBG) celebrated Saturday launching its new flagship Pukka in Egypt’s New Administrative Capital for sale of its first phase, which includes 1,500 units. Master Builders Group expects sales worth one billion Egyptian pounds from the first phase of the project, its chairman Mahmoud Al Adl said. The company is one of the few companies that won land from the New Administrative Capital Company to develop projects in the New Administrative Capital. Furthermore, the company has acquired the ministerial approval for project implementation. Pukka is the company’s newest project in the new capital and it is built over 40 feddans. It consists of 50 buildings and 1,500 units. The investment cost reaches approximately 4 billion pounds, which will be distributed over the four phases of the project, which will be developed over four years. Therefore, the company will develop a phase each year of the project’s lifespan. It includes 1,500 units. The project is on a space of 50 feedans; 10 of them are specified for the roads and it is located in the heart of the capital, close to at the new Nativity of Christ Cathedral. The construction area of the project represents 22.5 percent of the total project’s size and the rest of the space, 77.5 percent, is allocated for green areas, landscape, squares, and a commercial mall. The project includes 50 buildings on a space ranging between 800 square metres and 900 square metresand consists of eight floors. The Company will allocate 11 percent of the project’s size for services such as launching a mall to serve all the residents in the project and surrounding areas, on 6,000 square metres, compromising three floors. This area will also include commercial, administrative, and medical activities. "We will complete marketing of the first phase within three months. We offer a payment plan with a 10 percent down payment and installments over seven years," Al Adl further added. The Company began to work on project drawings and measurements, and to study soil and boring works. However, in the first year of the project, we will start small construction works of the first 5 percent of the project until we collect sufficient amount of sales to start the implementation process. He, further, pointed out that the company is developing several residential villages in the cities of Damietta, Mansoura, and Ras El Bar. In Ras El Bar, the company has 3 villages: Sunset Festival, Sunset El Nakheel, and Sunset Gardens. In Mansoura, the company has Al Oula City on 27,000 square metres and World Trade Centre on an area of 20,000sqm, in addition to the International Medical Centre on an area of 10,000 sqm consisting of specialised medical centres on the Nile in Mansoura City. More»
Amwal Al Ghad English - 2018-03-06 08:30:57
Egypt has committed more than 1,000 square kilometres (386 square miles) of land in the southern Sinai Peninsula to a planned mega-city and business zone unveiled by Saudi Arabia last October, a Saudi official told Reuters on Monday. The territory along the Red Sea is part of a joint fund worth more than $10 billion and announced by the two countries late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman. Prince Mohammed previously announced plans for the 26,500 square km zone, known as NEOM, at an international investment conference in Riyadh. Officials said public and private investment in the area was eventually expected to total $500 billion. The mega-city, with its own judicial system and legislation designed to attract international investors, is to focus on industries such as energy and water, biotechnology, food, advanced manufacturing and tourism, according to officials. It is part of bold moves by the 32-year-old heir apparent to wean the world’s top crude exporter off oil revenues that include plans to float a portion of state oil giant Saudi Aramco. More»
Aya SalahEddin, Yomna Yasser - 2018-03-05 12:35:56
Minister of Planning Hala Al-Saeed said that Egypt has a keen interest in the idea of establishing a sovereign fund. Al-Saeed added that The ministry has reached the final stages after many visits to several countries to discuss the possibility with them and access agreements for the principles of the law. A proposed bill is now with the cabinet for review. The Minister added, at the Builders of Egypt Forum, that investment in this type of fund needs a strong infrastructure to attract other international funds through its investments. More»
Aya SalahEddin, Yomna Yasser - 2018-03-05 08:19:02
Minister of Housing Mostafa Madbouli said that the volume of investment projects that will be implemented in partnership with the private sector issued in the second phase amounted to 500 billion Egyptian pounds. Madbouli added during his speech at the Builders of Egypt IV Forum, that the third stage of partnership lands with the private sector will be issued during the upcoming two months. The minister clarified  that the PPPs projects helped in reviving the real estate market in Egypt. Madbouli clarified that the issued lands will include lands in New Alamein, New Mansoura, expansions of 6 October, Sheikh Zayed and west Delta. In December, the Housing Ministry issued the second stage of the partnership projects between the ministry and the private sector. The Builders of Egypt IV Forum is held on March 4, 2018, under the patronage of Prime Minister Sherif Ismail, in addition to a number of other ministers. The Builders of Egypt IV Forum reviews the economic and financing prospects for governmental and private projects, in light of the investment environment's development after the implementation of the economic reform program and major national projects over the last four years. More»
Yomna Yasser, Aya Salah Eddin & Nada Nasser - 2018-03-04 11:43:07
Egypt’s construction sector adds around 3.7 million direct and indirect job opportunities, marking 20 percent of total jobs offered by other industries, Planning Minister Hala al-Saaed said Sunday. “The construction sector has achieved around 17.7 percent contribution to the country’s GDP growth rates.” Al Saaed added.The minister made these remarks during the third edition of Builders of Egypt Forum has kicked off in Cairo on Sunday. More»
Yomna Yasser, Aya Salah Eddin & Nada Nasser - 2018-03-04 11:11:59
Egypt is currently carrying out 60,000 housing units in the country’s anticipated new administrative city, deputy chairman of state-run Administrative Capital for Urban Development (ACUD) said Sunday. ACUD is the owner and developer for the new administrative capital in Egypt, which is located 35 kilometres east of Cairo of a total area of 170,000 feddans.  The company’s shareholders; New Urban Communities Authority (NUCA), National Service Products Organization (NSPO), and Armed Forces National Lands Projects Agency. The new capital city will help to strengthen and diversify the country's economic potential by creating new places to live, work and visit, Mohamed Abdel Latif said at the Builders of Egypt Forum, which took place in Cairo on Sunday. “The new capital is set to mirror Egypt’s great civilization. It is a national project that does not only target designing a comprehensive urban gathering but also building a cosmopolitan city,” Abdel Latif said. The company is also implementing several projects, including four tunnels and three bridges in addition to a network of around 300-kilometre roads, with achievement rates exceeding 70 percent, he added. “Around 400 contracting firms are working on developing the new administrative capital. We are seeking to have built a total of 120,000 housing units there within a year, applying the smart infrastructure systems,” Abdel Latif said. More»
Yomna Yasser, Aya Salah Eddin & Nada Nasser - 2018-03-04 09:43:36
Egypt’s housing and construction sector are witnessing a “major evolution”, with annual investments up to 150 billion Egyptian pounds ($8.5 billion), Minister of Housing Moustafa Madbouli said Sunday. Speaking at the Builders of Egypt that took place in Cairo, the Egyptian minister said the next four years will witness a stronger participation by the private sector in major national projects such as the new administrative capital and New Alamein City. More»
Yomna Yasser, Aya Salah Eddin & Nada Nasser - 2018-03-04 09:15:15
Egypt’s Federation for Construction and Building Contractors (EFCBC) will present a proposal to the government for amendments to the country’s Federation for Construction Law up to the next ten days, its chairman announced Sunday. “In the next ten days, we (EFCBC) will present to the Ministry of Housing proposed amendments to the Egyptian Federation for Construction Law.” Hassan Abdel Aziz made his remarks at the third edition of Builders of Egypt Forum, which took place in Cairo. More»
Yomna Yasser, Aya Salah Eddin & Nada Nasser - 2018-03-04 08:52:25
The third edition of Builders of Egypt Forum has kicked off in Cairo on Sunday, under the patronage of Egyptian Prime Minister Sherif Ismail. Minister of Housing Mostafa Madbouly has inaugurated the forum in the presence of Hassan Abdel Aziz, head of the country’s construction federation (EFCBC). The forum will review the economic and financing prospects for state and private-sector projects, in light of the development in the Egypt’s investment environment following recent economic reform measures and the launch of several mega national projects in the past four years. The event is gathering government officials and high-ranking delegates from the construction, real estate development, project management, and building materials sectors. More»